Household Debt Soars To Highest Level Since 2008 Financial Crisis
Household Debt Soars To Highest Level Since 2008 Financial Crisis
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
House…
Household Debt Soars To Highest Level Since 2008 Financial Crisis
American household debt rose $320 billion in 2022, marking one of the highest increases over the past two decades and reaching the highest level since the 2008 financial crisis.
Households owe a combined $17 trillion as a result of their mortgages, student loans, credit cards, and auto loans, according to an analysis from WalletHub. Current debt levels are approaching the $18 trillion held by households in 2008, the year in which the American housing market collapsed, and the world was plunged into a severe recession.
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